Morgans had stated they did not expect the deal to proceed. That...

Morgans had stated they did not expect the deal to proceed. That uncertainty is why it’s trading below cash value.

lets hope a few others are underweight.

Best part of deal is no reliance on debt facility for foreseeable future, which was at risk of completion

valuation at the 80c gap too low.
valuation at cash 90c backing too low

I reckon a open around $1.1 is a target, and many might want to lighten and rebalance portfolios.
would dearly love more

longer term ASX 200 and maturity of earnings takes SP to correct and peer valuations.150+ but I’ve got no clue on oil/gas valuations and multiples.

God hope there’s a mad scramble for stock, it’s been a long ride.